Key participants in Interventional Oncology Devices market include Sirtex Medical Limited, Teleflex Incorporated, Boston Scientific Corporation, INterface BIOmaterials B.V., Merit Medical Systems, Inc., BTG International Limited, IMBiotechnologies Ltd., IceCure Medical Ltd, HealthTronics, Inc., and Cook Medical Inc., among others.
Vancouver, British Columbia, April 21, 2021 (GLOBE NEWSWIRE) -- The global Interventional Oncology Devices Market is forecasted to be worth USD 3.11 Billion by 2027, according to a current analysis by Emergen Research. Over the forecasted period, the global market of Interventional Oncology Devices is anticipated to expand significantly, owing to the rising funding for cancer research by several private companies. Besides, the rising prevalence of fo cancer is expected to drive the market growing rapidly over the forecasted period. The number of deaths of men and women is projected to rise by 15.2% by 2020. Cancer accounted for 9.6 million deaths till now, according to the World Health Organization (WHO), with 70.0 % of new cases of cancer anticipated to be recorded within the next two decades. Furthermore, the rising advantageous repayment for interventional oncology treatment is anticipated to augment the market growth shortly.
However, during the forecast period, stringent regulatory changes are expected to restrain market development.
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Key Highlights From The Report
Key participants include Sirtex Medical Limited, Teleflex Incorporated, Boston Scientific Corporation, INterface BIOmaterials B.V., Merit Medical Systems, Inc., BTG International Limited, IMBiotechnologies Ltd., IceCure Medical Ltd, HealthTronics, Inc., and Cook Medical Inc., among others.
In May 2019, Boston Scientific Corporation acquired Vertiflex, Inc. The incorporation will enhance the pain management portfolio and its leadership plan for the pain category, whereas simultaneously offering doctors with effective non-opioid pain management solutions.
During the forecast period, the ablation segment will experience significant growth. Ablation kills cancer cells with the use of electrical heat generation. The doctor uses imaging tests to guide a tiny needle through the skin into the cancer tissue.
Over the forecasted timeframe, the Transcatheter Arterial Radioembolization is forecasted to dominate the market since this process helps better liver functioning and ensure no extrahepatic spreading.
Due to the rising incidence of breast cancer among women at the current time, the breast cancer segment is anticipated to witness substantial growth with a CAGR of 6.7%.
The Asia Pacific market is expected to expand at the fastest rate during the forecast timeline due to the growing proliferation of interventional oncology technology, the growing cancer incidence, and the aging population.
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Emergen Research has segmented the global Interventional Oncology Devices Market on the basis of product type, process, cancer type, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Process Outlook (Revenue, USD Billion; 2017-2027)
Non-Thermal Tumor Ablation
Thermal Tumor Ablation
Transcatheter Arterial Radioembolization
Transcatheter Arterial Chemoembolization
Bland Embolization or Transcatheter Arterial Embolization
Cancer Type Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Revenue, USD Billion; 2017-2027)
Rest of Europe
Rest of APAC
Rest of LATAM
Rest of MEA
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